Wealth Enhancement Advisory Services LLC Sells 1,174 Shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Wealth Enhancement Advisory Services LLC reduced its position in shares of Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,421 shares of the company’s stock after selling 1,174 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Norwegian Cruise Line were worth $439,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Norwegian Cruise Line by 71.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,275 shares of the company’s stock valued at $676,000 after acquiring an additional 13,453 shares during the period. Louisiana State Employees Retirement System boosted its stake in Norwegian Cruise Line by 2.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 24,800 shares of the company’s stock valued at $509,000 after purchasing an additional 500 shares during the period. International Assets Investment Management LLC grew its holdings in Norwegian Cruise Line by 3,190.5% in the 3rd quarter. International Assets Investment Management LLC now owns 436,227 shares of the company’s stock valued at $8,947,000 after buying an additional 422,970 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Norwegian Cruise Line by 5.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 177,496 shares of the company’s stock worth $3,640,000 after buying an additional 8,890 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Norwegian Cruise Line by 489.8% during the third quarter. Blue Trust Inc. now owns 2,188 shares of the company’s stock worth $41,000 after buying an additional 1,817 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Norwegian Cruise Line

In other Norwegian Cruise Line news, insider Andrea Demarco sold 29,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total transaction of $805,040.00. Following the transaction, the insider now owns 97,304 shares of the company’s stock, valued at approximately $2,701,159.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Faye L. Ashby sold 38,344 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $27.30, for a total value of $1,046,791.20. Following the transaction, the chief accounting officer now owns 116,270 shares in the company, valued at $3,174,171. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrea Demarco sold 29,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $27.76, for a total value of $805,040.00. Following the sale, the insider now directly owns 97,304 shares of the company’s stock, valued at $2,701,159.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,344 shares of company stock valued at $2,269,731 over the last quarter. Corporate insiders own 0.52% of the company’s stock.

Norwegian Cruise Line Price Performance

Norwegian Cruise Line stock opened at $27.32 on Friday. Norwegian Cruise Line Holdings Ltd. has a 52 week low of $12.70 and a 52 week high of $27.93. The firm has a market cap of $12.01 billion, a P/E ratio of 25.06, a P/E/G ratio of 0.29 and a beta of 2.67. The company has a debt-to-equity ratio of 10.35, a quick ratio of 0.17 and a current ratio of 0.20. The business’s fifty day moving average is $21.55 and its two-hundred day moving average is $18.83.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.05. Norwegian Cruise Line had a net margin of 5.87% and a return on equity of 99.31%. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. The company’s revenue was up 10.7% on a year-over-year basis. Equities research analysts forecast that Norwegian Cruise Line Holdings Ltd. will post 1.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. The Goldman Sachs Group upped their target price on shares of Norwegian Cruise Line from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Truist Financial increased their target price on shares of Norwegian Cruise Line from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Barclays boosted their price target on Norwegian Cruise Line from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on Norwegian Cruise Line from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, Citigroup raised Norwegian Cruise Line from a “neutral” rating to a “buy” rating and raised their target price for the stock from $20.00 to $30.00 in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.47.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.